Is Marrero, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Marrero has remained a Seller's Market.
Key Takeaway
Marrero is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marrero, LA
How much do homes in Marrero, LA cost?
Median Sold Price
$220,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Marrero have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Marrero was $220,000 in March 2024, up 1.7% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $74.4K | -21.7% |
| 2 Bedrooms | $155K | $141.5K | -8.7% |
| 3 Bedrooms | $208.2K | $215K | +3.2% |
| 4 Bedrooms | $285K | $268.5K | -5.8% |
| 5+ Bedrooms | $307.5K | $410K | +33.3% |
Summary: Marrero housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.7%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 33.3%.
Median Sold Price Compared To Nearby Cities
| Marrero | $216.2K | $220K | +1.7% |
| Belle Chasse | $368.9K | $365K | -1.1% |
| Westwego | $196K | $185K | -5.6% |
| Harvey | $230.3K | $210.3K | -8.7% |
Housing Supply in Marrero, LA
How many homes are available in Marrero, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 181 | 193 | +6.6% |
Summary: The Marrero real estate market had 193 homes for sale in March 2024, a 6.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 106 | 119 | +12.3% |
| 4 Bedrooms | 49 | 47 | -4.1% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Marrero housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 35 | +52.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marrero, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Marrero in March 2024, up by 52.2% month-over-month. Of the 35 sold homes, 51% were sold under asking, 31% were sold at asking, and 17% were sold over asking.
Days on Market for Marrero, LA
How long does it take to sell a home in Marrero, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 47 Days | -3.8% |
Summary: Homes in Marrero had an average of 47 days on market in Mar 2024, down by 3.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marrero are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 35 homes were sold in Marrero; 54% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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